Midland Exploration Inc.
(“Midland”)
(TSX-V: MD) is pleased to announce that new
mineralized zones were intersected near surface in drill hole on
its Mythril Cu-Mo-Au-Ag project, wholly owned by Midland and
located in Eeyou Istchee James Bay, Quebec. Midland discovered
Mythril by prospecting in late 2018 and concluded a strategic
investment with BHP Canada Inc.
(“BHP”) in the
spring of 2019 totalling $5.85 million for copper exploration
in Quebec.
The latest drilling campaign completed at the
end of June consisted in seven (7) drill holes totalling 1,647
metres. This program was mainly designed to test new geological
targets identified through 3D modelling. The model outlined several
untested areas characterized by chargeability highs from the
induced polarization (IP) survey, located near the contact with
conglomerates.
Drill hole MYT-21-38, collared on line 5+00E,
tested a lateral gap of approximately 300 metres between drill
holes MYT-19-01 and MYT-19-03. Drill hole MYT-21-38 intersected a
mineralized zone from 56.50 to 85.00 metres grading 0.59%
Cu, 0.05 g/t Au, 1.87 g/t Ag and 0.025% Mo (0.74% CuEq*) over 28.50
metres including 1.02% Cu, 0.09 g/t Au, 2.62 g/t
Ag and 0.048% Mo (1.29% CuEq*) over 10.50 metres from
56.50 to 67.00 metres. This interval includes two high-grade zones
that returned values of 8.73% Cu, 1.29 g/t Au, 22.4 g/t Ag
and 0.87% Mo (13.2% CuEq*) over 0.50 metre from 57.80 to
58.30 metres, as well as 3.50% Cu, 0.11
g/t Au, 6.17 g/t Ag and 0.04% Mo (3.77% CuEq*)
over 1.20 metres from 59.80 to 61.00 metres. This zone is
also included within a larger interval grading 0.25% CuEq*
over 104.6 metres from 18.0 to 122.6 metres.
Drill hole MYT-21-39, collared on line 6+00E,
intersected a Cu-Au zone grading 1.34% Cu, 3.14 g/t Au,
10.14 g/t Ag and 0.005% Mo ( 3.55% CuEq*) over 3.10 metres
between 227.60 and 230.70 metres including 2.32% Cu, 13.75
g/t Au, 40.3 g/t Ag and 0.002% Mo (11.90% CuEq*) over 0.70
metre, from 230.00 to 230.70 metres. This interval is
included within a large interval that yielded 0.25% CuEq*
over 59.70 metres between 171.00 and 230.70 metres.
Drill hole MYT-21-40, collared on line 8+00E,
intersected a zone grading 0.63% CuEq* over
5.0 metres from 21.00 to 26.00 metres, while a second
zone returned 0.53% CuEq* over 3.75 metres
from 96.75 to 100.50 metres. From 146.50 to 152.00 metres, another
mineralized interval graded 0.25% CuEq* over 5.50
metres. In addition, a gold-bearing interval was also
intersected in the same drill hole, grading 5.95 g/t Au
over 1.50 metres from 192.00 to 193.50 metres.
Drill hole MYT-21-41 (line 10+50E) intersected
an interval grading 0.40% CuEq* over 5.0 metres
from 72.00 to 77.00 metres, including a zone at 1.82% CuEq*
over 0.75 metre from 72.00 to 72.75 metres.
The Mythril copper-molybdenum-gold-silver
(Cu-Mo-Au-Ag) zone comprises a series of mineralized subcropping
boulder fields and Cu-Mo-Au-Ag showings occurring over a strike
length of more than 3 kilometres. Located about 7 kilometres
south of the Trans-Taiga road and hosted in Archean rocks of the
Superior Province, the first nine-day prospecting campaign
conducted in 2018 led to the discovery of 11 new surface
Cu-Mo-Au-Ag showings and 2 molybdenite occurrences, which namely
yielded values of 2.74% Cu, 0.44 g/t Au, 0.06% Mo and 24.3
g/t Ag over 2.7 metres in channel samples on the Celeborn
showing. Fifty-seven (57) grab samples from mineralized outcrops
distributed over a lateral extent of 2 kilometres yielded average
values of 2.03% Cu, 0.48 g/t Au, 0.18% Mo and 18.3 g/t
Ag. Overall, one hundred sixteen (116) mineralized
boulders were found, yielding an average of 1.92% Cu, 0.87
g/t Au, 0.11% Mo and 20.7 g/t Ag.
The Midland’s team is currently back in the
field and is starting a prospecting program on the Mythril project
and also on new regional targets.
Table 1: Summary of best results on Mythril
(2021 drilling campaign)
Drill hole |
From |
To |
Width (m) |
Cu% |
Au g/t |
Ag g/t |
Mo % |
CuEq* |
MYT-21-37 |
144.00 |
172.50 |
28.50 |
0.07 |
0.02 |
0.50 |
0.001 |
0.10 |
including |
147.00 |
148.00 |
1.00 |
0.35 |
0.57 |
3.10 |
0.000 |
0.76 |
and |
166.50 |
169.50 |
3.00 |
0.20 |
0.04 |
1.56 |
0.003 |
0.25 |
|
|
|
|
|
|
|
|
|
|
202.00 |
236.50 |
34.50 |
0.10 |
0.01 |
0.51 |
0.001 |
0.12 |
including |
218.90 |
233.00 |
14.10 |
0.16 |
0.02 |
0.78 |
0.001 |
0.18 |
|
|
|
|
|
|
|
|
|
MYT-21-38 |
18.00 |
122.60 |
104.60 |
0.20 |
0.02 |
0.73 |
0.008 |
0.25 |
including |
56.50 |
85.00 |
28.50 |
0.59 |
0.05 |
1.86 |
0.020 |
0.74 |
including |
56.50 |
67.00 |
10.50 |
1.02 |
0.09 |
2.62 |
0.048 |
1.29 |
including |
57.80 |
58.30 |
0.50 |
8.73 |
1.29 |
22.40 |
0.868 |
13.19 |
and |
59.80 |
61.00 |
1.20 |
3.50 |
0.11 |
6.17 |
0.037 |
3.77 |
including |
75.00 |
78.50 |
3.50 |
1.20 |
0.10 |
4.77 |
0.011 |
1.34 |
including |
111.00 |
111.50 |
0.50 |
1.64 |
0.16 |
6.77 |
0.005 |
1.81 |
|
|
|
|
|
|
|
|
|
MYT-21-39 |
171.00 |
297.00 |
126.00 |
0.10 |
0.08 |
0.63 |
0.003 |
0.17 |
including |
171.00 |
230.70 |
59.70 |
0.13 |
0.17 |
0.86 |
0.001 |
0.25 |
including |
206.10 |
209.70 |
3.60 |
0.48 |
0.02 |
0.86 |
0.002 |
0.51 |
including |
209.00 |
209.70 |
0.70 |
1.23 |
0.06 |
2.11 |
0.009 |
1.32 |
including |
227.60 |
230.70 |
3.10 |
1.34 |
3.14 |
10.14 |
0.005 |
3.55 |
including |
230.00 |
230.70 |
0.70 |
2.32 |
13.75 |
40.30 |
0.002 |
11.90 |
|
|
|
|
|
|
|
|
|
MYT-21-40 |
21.00 |
26.00 |
5.00 |
0.50 |
0.06 |
3.24 |
0.017 |
0.63 |
including |
22.25 |
23.00 |
0.75 |
1.71 |
0.13 |
7.45 |
0.045 |
2.03 |
|
|
|
|
|
|
|
|
|
|
96.75 |
100.50 |
3.75 |
0.45 |
0.07 |
3.46 |
0.001 |
0.53 |
including |
98.00 |
98.75 |
0.75 |
1.54 |
0.29 |
13.55 |
0.002 |
1.85 |
|
|
|
|
|
|
|
|
|
|
146.50 |
152.00 |
5.50 |
0.22 |
0.02 |
1.37 |
0.003 |
0.25 |
|
|
|
|
|
|
|
|
|
|
192.00 |
193.50 |
1.50 |
0.01 |
5.95 |
0.06 |
0.000 |
4.01 |
|
|
|
|
|
|
|
|
|
MYT-21-41 |
27.75 |
29.25 |
1.50 |
0.62 |
0.05 |
4.26 |
0.002 |
0.69 |
|
|
|
|
|
|
|
|
|
|
72.00 |
77.00 |
5.00 |
0.36 |
0.02 |
2.21 |
0.004 |
0.40 |
including |
72.00 |
72.75 |
0.75 |
1.60 |
0.06 |
9.43 |
0.028 |
1.82 |
|
|
|
|
|
|
|
|
|
|
89.25 |
90.00 |
0.75 |
1.89 |
0.03 |
6.93 |
0.009 |
2.00 |
|
|
|
|
|
|
|
|
|
|
126.30 |
128.80 |
2.50 |
0.21 |
0.02 |
1.01 |
0.003 |
0.24 |
|
|
|
|
|
|
|
|
|
|
146.20 |
146.70 |
0.50 |
1.28 |
0.13 |
10.70 |
0.070 |
1.72 |
|
|
|
|
|
|
|
|
|
MYT-21-42 |
29.00 |
30.75 |
1.75 |
1.49 |
0.09 |
8.93 |
0.019 |
1.70 |
including |
29.00 |
30.00 |
1.00 |
2.03 |
0.14 |
11.90 |
0.022 |
2.31 |
|
|
|
|
|
|
|
|
|
|
39.00 |
40.75 |
1.75 |
0.20 |
0.03 |
2.48 |
0.002 |
0.25 |
|
|
|
|
|
|
|
|
|
|
132.00 |
133.00 |
1.00 |
0.29 |
0.03 |
1.14 |
0.013 |
0.38 |
|
|
|
|
|
|
|
|
|
|
158.90 |
160.00 |
1.10 |
0.28 |
0.06 |
1.10 |
0.011 |
0.37 |
|
|
|
|
|
|
|
|
|
|
172.00 |
172.75 |
0.75 |
0.37 |
0.06 |
1.04 |
0.001 |
0.41 |
|
|
|
|
|
|
|
|
|
MYT-21-43 |
145.00 |
146.00 |
1.00 |
0.13 |
0.77 |
8.11 |
0.001 |
0.72 |
|
|
|
|
|
|
|
|
|
|
213.00 |
214.50 |
1.50 |
0.01 |
0.13 |
0.40 |
0.000 |
0.09 |
|
|
|
|
|
|
|
|
|
|
235.00 |
236.50 |
1.50 |
0.02 |
0.11 |
0.22 |
0.001 |
0.10 |
*Metal prices used to calculate CuEq values are:
$1,285/oz Au, $2.77/lb Cu, $15/oz Ag, $10.90/lb Mo. Metal recovery
is assumed to be 100%.
**Note that the true thickness of mineralized
intervals cannot be determined with the information currently
available.
Quality control
Exploration program design and interpretation of
results is performed by qualified persons employing a Quality
Assurance/Quality Control program consistent with industry best
practices, including the use of standards and blanks with every 20
samples. Rock samples on the project are assayed for gold by
standard 30-gram fire-assaying with inductively coupled plasma
atomic emission spectroscopy (ICP-AES; Au-ICP21) or gravimetric
finish (Au-GRA21) at ALS Minerals laboratories in Vancouver,
British Columbia. All samples are also analysed for multi-elements,
using four-acid ICP–AES method (ME-ICP61), also at ALS Minerals
laboratories in Vancouver, British Columbia. Samples that exceed 1%
copper, zinc, molybdenum or nickel are reanalyzed by four-acid
ICP-AES optimized for high grades.
About Midland
Midland targets the excellent mineral potential
of Quebec to make the discovery of new world-class deposits of
gold, platinum group elements and base metals. Midland is proud to
count on reputable partners such as BHP, Wallbridge Mining Company
Ltd., Probe Metals Inc., Agnico Eagle Mines Limited, SOQUEM INC.,
Osisko Development Corp., Nunavik Mineral Exploration Fund and
Abcourt Mines Inc. Midland prefers to work in partnership and
intends to quickly conclude additional agreements in regard to
newly acquired properties. Management is currently reviewing other
opportunities and projects to build up Midland portfolio and
generate shareholder value.
This press release was reviewed and approved by
Mario Masson. P.Geo., VP Exploration for Midland and Qualified
Person as defined by NI 43-101, who also approved the technical
content of this press release.
For further information, please consult
Midland’s website or contact:
Gino Roger, President and Chief Executive Officer
Tel.: 450 420-5977 Fax: 450 420-5978 Email:
info@midlandexploration.com
Website: www.midlandexploration.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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